Telegram, the popular messaging app, has unveiled its latest innovation – “Stars”, a new currency aimed at streamlining payments within the platform while enticing developers away from the ecosystems of tech giants Google and Apple.
Stars, a token designed for seamless transactions within Telegram, can be acquired through in-app purchases facilitated by Google and Apple. This digital currency empowers users to purchase a wide array of digital goods and services offered by bots or mini-apps within the Telegram ecosystem. From e-books to online courses and games, Stars facilitate convenient transactions, with future plans including the ability to acquire small gifts or special emojis.
🚀 Exciting news from Telegram! Introducing "Stars" – a new currency revolutionizing payments within the platform. With Stars, users can purchase digital goods hassle-free, while developers enjoy fee-free promotions. 🔥 #Telegram #Stars #CryptoPayments pic.twitter.com/hiqbxcx6Ug
— City Telegraph (@0xCitytelegraph) June 7, 2024
In an added incentive for developers, Stars can be converted into Toncoin, Telegram’s native cryptocurrency, through a dedicated service. Furthermore, developers can utilize Stars to promote their apps on Telegram without incurring any fees, positioning Telegram as a more developer-friendly alternative to platforms like Google and Apple, which often charge hefty fees of up to 30%.
This strategic move by Telegram comes as a response to the growing demand for streamlined and decentralized payment solutions within messaging platforms. With approximately 400 million of Telegram’s 900 million users regularly engaging with bots and mini-apps, Stars is poised to revolutionize the way users interact and transact within the platform.
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Meanwhile, Telegram’s native cryptocurrency, Toncoin, has experienced significant growth, soaring by 300% this year alone. With a current trading value of $7.50 and a market capitalization of $18 billion, Toncoin’s upward trajectory underscores the platform’s increasing influence in the cryptocurrency market.
For further insights into Toncoin and Telegram’s evolving ecosystem, readers can access our in-depth analysis here. Additionally, for those considering investments in Notcoin (NOT), another cryptocurrency launched by Telegram, our analysis delves into its recent impressive performance, with a remarkable 148% increase in just one week.
